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Varda Marakkar
![Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order] Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Bangalore-ITAT-Orders-Excess-Income-Tax-Excess-Income-Tax-Payment-Auditor-Taxscan-.jpg)
Misleading Advice by Auditor Led to Excess Income Tax Payment: ITAT Orders Rectification [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) of Bangalore in a recent case ordered rectification of the revised return filed by the assessee, observing...
Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) of Delhi held that subscription fees from cloud services are not taxable as royalty in India under the India -Ireland Double Taxation...
Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed an order passed under section 263 of the Income Tax Act 1961 ( ITAT )Â by the Principal Commisioner of Income Tax ( PCIT )...
Relevant Information Sought by AO Not Provided by Assessee: ITAT Restores Matter to AO for Fresh Adjudication [Read Order]
Recently, the Income Tax Appellate Tribunal (ITAT) of Delhi restored a matter back to the Commissioner of Income Tax (Appeals) [CIT (A)] for fresh adjudication as ex parte order was passed without...
Deduction u/s 54 of IT Act allowable even if Old Sale Proceeds not Reinvested in New Asset Acquisition: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that deduction under section 54 of Income Tax Act 1961 ( ITA ) is allowable even if proceeds from sale of old property is...
Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) in a recent case ruled that prepaid finance charges made for business purposes are deductible in the year of payment, and thus amortization is not necessary. ...


![ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order] ITAT Orders Detailed Verification of KYC for Cooperative Society’s SBN Deposits during Demonetization [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/co-op-society-kerala-high-court-Reopening-of-Assessment-taxscan.jpg)
![No Malafide Intention in not Filing Appeals before CIT(A) within Limitation: ITAT condones 112- Day Delay [Read Order] No Malafide Intention in not Filing Appeals before CIT(A) within Limitation: ITAT condones 112- Day Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Bangalore-CIT-CITA-within-Limitation-Income-Tax-Appellate-Tribunal-Taxscan.jpg)
![Lower Authorities passed Orders Overlooking SC Precedents: ITAT directs AO to Reconsider 80P deduction under Income Tax [Read Order] Lower Authorities passed Orders Overlooking SC Precedents: ITAT directs AO to Reconsider 80P deduction under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Appellate-Tribunal-ITAT-Banglore-Lower-Authorities-ITAT-Directs-AO-Reconsider-80P-deduction-under-Income-Tax-Income-Tax-TAXSCAN.jpg)
![GSTR Filing delayed due to Ill-Health: Madras HC grants Firms 45 Days to Reclaim Cancelled GST Registration [Read Order] GSTR Filing delayed due to Ill-Health: Madras HC grants Firms 45 Days to Reclaim Cancelled GST Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-31-at-14.27.52_9d758513.jpg)
![CIT(A)s Non-Speaking Order denies Assessee Fair Hearing: ITAT directs Reassessment [Read Order] CIT(A)s Non-Speaking Order denies Assessee Fair Hearing: ITAT directs Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Delhi-ITAT-CITA-Income-Tax-Appellate-Tribunal-Commissioner-of-Income-Tax-Directs-Reassessment-Fair-Hearing-ITAT-NEWS-TAXSCAN.jpg)
![Jewelry Addition u/s 69B by Assuming Equal Ownership Among Cohabitants Invalid: ITAT [Read Order] Jewelry Addition u/s 69B by Assuming Equal Ownership Among Cohabitants Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Jewllery-section-69b-Ownership-Equal-Ownership-Among-Cohabitants-invalid-Itat-income-tax-news-related-to-jewellary-itat-news-related-to-jewellary-income-tax-news-on-jewellery-jewelry-tax-news-taxscan.jpg)
![Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order] Subscription Fees from cloud Services not Taxable as Royalty in India under India-Ireland DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/WhatsApp-Image-2024-08-29-at-15.32.18_72802c46.jpg)
![Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order] Overreach beyond Limited Scrutiny Jurisdiction: ITAT quashes PCIT’s Order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Overreach-Limited-Scrutiny-Jurisdiction-ITAT-PCITs-Order-Income-Tax-Act-taxscan.jpg)
![Relevant Information Sought by AO Not Provided by Assessee: ITAT Restores Matter to AO for Fresh Adjudication [Read Order] Relevant Information Sought by AO Not Provided by Assessee: ITAT Restores Matter to AO for Fresh Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Ao-assessing-officer-assessee-itat-Fresh-Adjudication-Adjudication-itat-on-Fresh-Adjudication-itat-about-Fresh-Adjudication-itat-news-Relevant-Informations-by-AO-taxscan.jpg)
![Deduction u/s 54 of IT Act allowable even if Old Sale Proceeds not Reinvested in New Asset Acquisition: ITAT [Read Order] Deduction u/s 54 of IT Act allowable even if Old Sale Proceeds not Reinvested in New Asset Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Ahmedabad-ITAT-ITA-Income-Tax-Act-Income-Tax-Appellate-Tribunal-section-54-of-Income-Tax-Act-sale-of-old-property-new-property-TAXSCAN.jpg)
![Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order] Prepaid Finance Charges Deductible in Year of Payment, Amortization Not Necessary: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Prepaid-Finance-Prepaid-Finance-Charges-Amortization-Amortization-Not-Necessary-itat-about-amortization-Finance-Finance-Charges-tax-news-taxscan.jpg)